PSP Projects today opened over 3.5% higher at Rs.607 and rose to an intraday high at Rs.624, up 6.5%. Its 52-week high is at Rs.672.

The stock price surged after the company said that it has received contracts worth Rs.247 crore from Precast and Government segments.

With receipt of the current order, the total order inflow for the financial year 2022-23 till date amounts to Rs 1,344.24 crore, the civil construction.